Weekly [06/09] Study
SetU has been launched, as promised the Stack gets dibs on the first seats. See Below.
![Weekly [05/26] Study](https://substackcdn.com/image/fetch/$s_!GxgA!,w_140,h_140,c_fill,f_webp,q_auto:good,fl_progressive:steep,g_auto/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F42c9bd50-3f09-41e5-9c72-22361e0c1927_2048x1252.png)
The previous release maintained a Bullish outlook with not just one swing entry, but a second layer added Higher, with Pivot. This saw the Highs+ of Century : 6000 allowing for a New Sequence to begin.
ES : 5760 and later, ES : 5870 to then trade into ES : 6000 for my Highest Trim of +230p!
I had originally planned on Closing this position with a TIME Target in mind, however the infamous Trump / Elon breakup forced my hand abruptly.
My Starting Swing rapidly approached 6000 but this was only achieved in the night. It required a retest of our [05/13] Pivot, with some minor turbulence but ended up successfully trading above this handle within RTH.
This Century number was also mentioned in the previous release and left behind some clues for rotational trade, finally opening the doors for some genuine two-way trade. I left a breadcrumb for the Initiative mentioning a Buyer TP. I would normally display this with detail but I’ll save that for Class time.
Hint : I am not surprised TSLA fell so sharply after this positioning was shown.
6000~ ends up splashing above local highs with a sharp decline with headlines.
It was also bought up just as quickly as the Market recovers and trades even higher once again. This leaves us with a unique current state of the auction.
For the first time in months, I am entirely FLAT. A) I have more important things to tend to, but also B) The buyer I have been chasing has been awfully muted this sequence. This isn’t a classic SetBear, but rather likely a SetCaution. Plan also below.
Only prompting a new update when Strong Tape is present.